Select Media Mentions
The Independent: Elon Musk Wants to Gut the Federal Government Under Trump. What Could That Look Like?
November 5, 2024
The wealthiest man on the planet is pumping tens of millions of dollars into Donald Trump’s campaign. He owns an influential social media company where he embraces right-wing influencers and conspiracy theories now dominating the platform. He has business interests with China and Russia’s Vladimir Putin’s regime while his companies receive billions of dollars in US government contracts.
New York Times: Trump’s Closing Argument: Lies, Distortions and Inaccuracies
November 4, 2024
Former President Donald J. Trump, in the closing days of the 2024 election, continues to be a font of exaggerations, misleading claims and outright lies.
Money: Trump vs. Harris: How Could Your Tax Bill Change Under Each Candidate?
November 2, 2024
Both Kamala Harris and Donald Trump have made a point of talking about taxes in the final days leading up to the presidential election. This is no accident: With more than 144 million taxpayers filing individual income tax returns this year, it’s a topic a huge swath of voters are likely paying attention to. Read […]
Business Insider: What a Trump or Harris Presidency Would Mean for Your Tax Bill
October 31, 2024
In the fourth installment of BI's five-part series in the final stretch before the election, Business Insider is looking at the ways each candidate's policies could affect how much you pay in taxes. (Read part one about investments, part two about costs, and part three about housing.)
New York Times: Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All
October 24, 2024
Former President Donald J. Trump has spent much of the presidential campaign brainstorming new, and sometimes untested, ways to cut taxes. In the election’s final stretch, he raised the possibility of going even further: eliminating income taxes entirely.
The Marshall Project: Fact-checking Over 12,000 of Donald Trump’s Statements About Immigration
October 23, 2024
The Marshall Project used text analysis to identify 13 major claims about immigration in over 350,000 of Trump’s public statements from Factba.se, some of which Trump has made 500 times or more. All of them are untrue or deeply misleading. Read more.
CNN: Trump’s Mass Deportation Plans Would Be Costly. Here’s Why
October 19, 2024
Former President Donald Trump vows he’ll kick millions of undocumented immigrants out of the US if he’s reelected. Read more.
New York Times: How Trump’s Radical Tariff Plan Could Wreck Our Economy
October 18, 2024
As a result, tariffs would raise the cost of living more for middle- and lower-income families than the average. An estimate by the Institute on Taxation and Economic Policy, which assumes a 20 percent tariff, finds that it would reduce the real income of families in the bottom fifth of earners by 5.7 percent, of middle-income families by 4.6 percent, but of the top 1 percent by only 1.4 percent. An analysis by the Peterson Institute for International Economics arrives at similar numbers. In other words, Trump’s 2.0 tariffs would in effect be a strongly regressive tax increase, imposing a…
CBS News: Trump’s Plan to Deport Millions of Immigrants Would Cost Hundreds of Billions, CBS News Analysis Shows
October 18, 2024
Immigration researchers, lawyers, and economists have pointed to immense constitutional, humanitarian and economic problems posed by Trump's oft-repeated pledge. But beyond the anticipated damage to immigrant families, communities and local economies, the roundup and deportation of some 11 million people is near impossible to bankroll, according to an analysis of U.S. budget and immigration court data by CBS News.
Variety: From Tariffs to Taxes to Tyranny, Hollywood Braces for the Possibility of a Donald Trump Victory
October 18, 2024
Abbasi’s experience says a lot about the anxiety gripping the entertainment world as it watches a tumultuous, enormously consequential election unfold. From corporate suites to studio lots, Hollywood is bracing for a possible Trump return, one that could bring chaos and deepen political divisions in a polarized country.
Audio: ITEP’s Amy Hanauer Talks Presidential Tax Plans on NerdWallet Podcast
October 17, 2024
Paycheck Politics: What Presidential Tax Plans May Mean for Your Wallet. Listen here.
Washington Post: “Off the Charts”: How Trump Tariffs Would Shock U.S., World Economies
October 16, 2024
Former president Donald Trump is campaigning on the most significant increase in tariffs in close to a century, preparing an attack on the international trade order that would likely raise prices, hurt the stock market and spark economic feuds with much of the world.
New York Times: Trump and Harris Both Like a Child Tax Credit, but With Different Aims
October 16, 2024
Vice President Kamala Harris has made an expanded child tax credit central to her campaign, and former President Donald J. Trump boasts, “I doubled the child tax credit.” With a quick look, voters might think the child-rearing subsidy the rare matter on which the rival candidates agree.
Los Angeles Times: Here Are 4 Campaign Promises from Trump. What Are Their Chances if He Wins?
October 16, 2024
The economic impacts would be huge. In California, an estimated 1.5 million workers — 7% of the state’s labor force — are undocumented, according to the Pew Research Center. The Institute on Taxation and Economic Policy, a left-leaning think tank, found that undocumented workers paid $96.7 billion in taxes in 2022, including $8.5 billion in California.
Mother Jones: Trump’s Reverse Robin Hood Tax Cuts of 2017
October 16, 2024
On October 7, the nonpartisan Institute for Taxation and Economic Policy released an analysis of whom Trump’s tax proposals would benefit. It’s probably not you.
Grist: Trump’s Proposed Mass Deportations Could “Decimate” the US Food Supply
October 15, 2024
As Republican presidential nominee Donald Trump campaigns for a second term in the White House, the former president has repeatedly promised to enact the largest deportation of undocumented immigrants in U.S. history. It’s a bold threat that legal experts say should be taken seriously, despite the significant technical and logistical challenges posed by deporting 11 million people from the U.S.
Business Insider: The Top 5% Will Benefit from Trump’s Tax Plans While the Rest of America Pays More, a New Analysis Says
October 11, 2024
According to a new analysis from the Institute on Taxation and Economic Policy — a left-leaning think tank — Trump's tax and tariff proposals could spur an average tax cut of about $36,300 for the richest 1% of Americans, or those with incomes of $914,900 and above. Beyond that, ITEP expects the next-richest 4% to receive an average tax cut of about $7,200.
Pittsburgh Post-Gazette: Pennsylvanians Favor Citizenship, Not Deportation, for Unauthorized Immigrants in New Survey
October 11, 2024
But even as most polls show Trump is preferred over Vice President Kamala Harris on immigration, his policy prescription is not the one that Pennsylvanians prefer, according to survey results released Thursday.
Salon: Expert: Analysis shows Trump tax plan “taking money” from bottom 95% and “giving it” to richest 5%
October 9, 2024
Former President Donald Trump's proposed tax plan would create tax cuts for the nation's top 5% of earners while leaving the rest of Americans to shoulder tax increases by 2026, according to a new analysis.
New York Times: Trump’s Plans Could Increase U.S. Debt While Raising Costs for Most Americans
October 7, 2024
Former President Donald J. Trump’s economic proposals could inflame the nation’s debt burden while ultimately raising costs for a vast majority of Americans, according to a pair of new economic analyses that are among the most in-depth studies to date of the Republican nominee’s plans. Read more.
Education Week: How States Use Tax Credits to Fund Private School Choice: An Explainer
October 7, 2024
Most of the biggest recent developments in the world of private school choice have centered around education savings accounts, a twist on the private school voucher that parents can spend on tuition, fees, and a wide range of other costs tied to their students’ learning outside the traditional public school system. Read more.
NBC News: Sen. Elizabeth Warren and Rep. Madeleine Dean Demand Food and Beverage CEOs Put a Stop to ‘Shrinkflation’
October 7, 2024
Two Democratic lawmakers are demanding that some of the biggest food and beverage companies stop engaging in “shrinkflation” — the practice of reducing product sizes while charging prices that are the same or higher. Read more.
HuffPost: Group That Says Tariffs Are Taxes Touts Tariff-Pushing JD Vance Taking Its No-Tax Pledge
October 7, 2024
Americans for Tax Reform’s anti-tax pledge is well known in GOP circles. But what does it mean when punishing tariff hikes are on the table? Read more.
Al Jazeera: How Will Trump’s Plans to Deport Undocumented Migrants Impact US Economy?
October 4, 2024
Trump has made immigration, a hot-button issue this election, one of the pillars of his campaign. The role of immigrants in the startup economy is well known – 55 percent of US startups valued at $1bn or more were founded by immigrants, and some of the most famous names in Silicon Valley are those of foreign-born entrepreneurs, including Tesla chief Elon Musk and Google co-founder Sergey Brin.
Business Insider: Trump’s Plan to Scrap Taxes on Tips and Overtime Could Reshape How Millions of Americans Get Paid
October 2, 2024
Joe Hughes, a senior analyst on federal tax policy at the Institute on Taxation and Economic Policy, told BI that "you would need a lot of safeguards in place to keep this from being just another avenue for tax avoidance." He continued: "It's at least applaudable that Trump says that he wants to help low-income workers. But I think that there are much better avenues to do that than exempting very specific types of income."
Members of the media rely on ITEP for analysis and insight about how tax policies affect people. If you’re a reporter looking to talk to one of our experts, contact Jon Whiten at [email protected].
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